In Serbia, although there is formal economic growth, citizens feel a serious decline in purchasing power due to the rise in prices of basic foodstuffs and energy. Students' protests were joined by citizens deeply dissatisfied with the high inflation that directly affects their standards
The governor of the National Bank of Serbia, Jorgovanka Tabaković, spoke to RTS about chip inflation, the boycott of megamarkets, and movements in the euro. She did not explain why grocery items in Serbia are among the most expensive in Europe
The National Bank of Serbia announced that Serbian markets are witnessing certain phenomena that accompany inflation, and imply unusual price movements on the market
The pockets of Serbian citizens have already been hit several times during 2024. Infostan, heating, some basic groceries and taxi transportation have gone up in price. What awaits us in the new year?
Cocoa in West Africa has been affected by the virus and rain, so chocolate prices will continue to rise
The high prices of excursions and recreational classes every autumn give parents trouble. The agencies claim that they operate according to the rules, while parents doubt the real value of the arrangement. However, the state has created a system in which the agencies are clever, and the parents suffer the most
The President of Serbia, Aleksandar Vučić, announced that by December 2026, the average salary will be 1.150 euros. How realistic is that? And how much does the salary increase even mean, if you take into account the high rate of inflation
The World Bank report states that Serbia has significantly increased its public debt, but it forecasts an acceleration of economic growth and a fall in inflation, notes an increase in the employment rate and a decrease in the poverty rate.
The Government of Serbia has announced concrete measures for fairer prices of the most necessary foodstuffs. Economists believe that it is good for citizens to have a choice, but also that behind the action the government is in trouble
Serbia ranked 34th out of 41 countries in the list of the cost of living of European countries by the data collection organization "World Population Review". Bulgaria and Romania have lower costs of living and higher average wages. What is the situation in other European countries?
The Minister of Internal and External Trade in the technical mandate, Tomislav Momirović, said that last year's "Better Price" action significantly contributed to lowering prices and announced a new one "coming soon". Dejan Gavrilović from the Association "Effectiva" tells "Vreme" that the state should not agree, but apply the laws.
At the presentation of the Report on Inflation by the governor of the National Bank of Serbia, Jovanka Tabaković stated that it is unrealistic to expect the same prices in Serbia and other countries. She called on traders to have a responsible and honorable attitude towards customers, and the Commission for the Protection of Competition to suppress monopoly
According to the data of the Republic Institute of Statistics, by far the largest part of the family budget is spent on food and soft drinks. Inflation hit everyone, but the poorest the most
October inflation was 8,5 percent, the Republic Institute of Statistics announced. Before the Institute, this information was announced by the Minister of Finance, Siniša Mali
In recent months, inflation has been a dominant topic throughout the world, including in Serbia. Supermarket chains make deals with countries to discount basic foods, while at the same time profiting by exploiting the geopolitical situation. Inflation of greed is a new term in the world that describes how certain actors in the market get rich, while it remains unclear how "better prices" are formed in parallel with the increase in the price of fuel and electricity.
"The country is allowed to increase the amount of money as much as it achieves economic growth. Any faster growth of the money supply above the rate of economic growth will create inflation, to which then add that imported inflation. And it doesn't end there either. Even if imported inflation falls to zero, there is still no salvation for you if you increase pensions, salaries, pay gifts to the young, the old or anyone whom President Vučić is angry with that day - and economic growth remains low, as it is now.
According to the data of the Republic Institute of Statistics, the prices of dairy products, vegetables, meat, household electricity, bread, cereals and firewood rose the most.
As part of the campaign "Better price - price for the people", the prices of another 16 products were reduced. "When I added up and bought all these 16 products, the total bill was 1.493 dinars, and if there had been no discount, this bill would have been 2.644 dinars," said Finance Minister Siniša Mali.
The shopping chain Konzum will start with additional discounts from Friday, which will cover 1.000 items, announced the chief executive officer and member of the Board of Directors of the Fortenova Group, Fabris Peruško. This initiative followed the decision of the Croatian Government to limit the prices of 30 basic products from Monday
The Government of Montenegro created an "anti-inflation basket" in March of this year, and the Government of Serbia decided on a similar strategy a few days ago. The Government of Croatia reached an agreement in the same direction with trade chains immediately afterwards. Economist Ljubomir Madžar tells the "Vremena" portal that such "violence on the market" cannot bring anything good.
The opposition demands early elections and threatens to cause chaos if they are not called by the end of the year, but "they" are ready for elections. The President of Serbia said that he will make a statement about this request by the end of the month. The distribution of one-time financial assistance and product discount campaigns are in full swing
Household budgets are shrinking, and the profits of retail chains are rising. As they look for reasonably priced goods to meet their basic needs, more and more shoppers feel that food companies are trying to rip them off. Among the numerous tricks, the latest phenomena of "shrinkflation" and "skimpflation" stood out.
"I'm afraid the prices are here to stay and we'll have to get used to them." Inflation has eaten an average of 40 percent of our standard in the last three years," says Goran Radosavljević, professor of the Faculty of Economics, Finance and Administration.
According to the data of the Republic Institute of Statistics (RZS), in July of this year compared to July of the previous year, the price of vegetables rose the most, by almost 43 percent.
Year-on-year inflation in March was 16,2 percent, and 15,1 percent in April
"This measure may be politically popular and someone may think that it can reduce domestic demand in the short term. However, given the structure and weaknesses of our economy, this measure will in practice only increase public expenditures and public debt and stimulate inflation," says the professor. Faculty of Economics for the portal "Vremena"
According to the May central projection, it is expected that year-on-year inflation will decline from the second quarter, and that a more pronounced decline will occur in the second half of the year, so that at the end of the year, inflation will be twice as low as in March, according to the May inflation report recently adopted by Executive Board of the National Bank of Serbia
